“Investor Kara Nortman is behind the fund, which has so far invested in three National Women’s Soccer League clubs: Angel City Football Club (of which Nortman was a cofounder, before the team’s $250 million sale to Willow Bay and Bob Iger; she’s still a minority shareholder separate from Monarch’s investment); the forthcoming BOS Nation FC; and the San Diego Wave. The firm expects to make two to three more investments this year, potentially outside of soccer for the first time.”